In today's show, $AMC #AMCARMY #AMC100k AMC Squeeze Hasn't Even Started!!! Listen in $UWMC Why You Should Have This On Your Watchlist, and Crypto Is Starting To Wake Up!
AMC Entertainment is after all one of the most heavily shorted companies in the market. So why hasn’t this stock shot up to the moon yet!?!
Shorts and hedge funds alike continue to lose money every day they hold. Shouldn’t they be covered by now? More and more institutional buyers are bulking up on the stock, retail investors continue to hold and buy the dip, so what are we missing? AMC’s market volume hasn’t been as high as we need it to be if we’re to see a short squeeze. In recent weeks AMC stock volume has been below 100 million. The highest volume we’ve seen so far (post gamma squeeze) was back in February where the volume reached over 400 million! This is the area AMC will need to be in if we want to continue to drive the price action up again. Trey’s Trades has mentioned the perfect squeeze setup will require the volume to sit around 400-500 million-plus. Shorts haven’t covered their positions which means they’re holding just like retail investors are. The only difference is they’re paying an interest fee until they close their positions. Melvin Capital, a hedge fund who shorts both AMC and GameStop stock has reportedly suffered a 49% loss in its first quarter.
The reason being is they have not closed their short positions. This hedge fund along with short-sellers is losing money every day due to the short borrow fee continuously increasing.
Short sellers are sitting on nearly $1 billion in losses.
UWM Holdings Corp (NYSE: UWMC) could be the next stock to make a GameStop Corp (NYSE: GME)-type of rally amid recent chatter on Reddit threads, according to an article from the Detroit Free Press.
What To Know: Traders on the subreddit r/wallstreetbets are well-known for targeting stocks with high short interest. As of April 30, UWM had a 13.23% short interest. Some Reddit traders have recently nominated the stock as a potential short squeeze candidate.
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